Edexcel A-Level Business 9BS0
Meeting Customer Needs
Marketing Mix and Strategy
Managing People
Entrepreneurs and Leaders
Financial Planning
Managing Finance
Resource Management
External Influences
Business Objectives and Strategy
Decision-Making Techniques
Influences on Business Decisions
Assessing Competitiveness
Globalisation
Global Markets and Business Expansion
Global Marketing
Global Industries and Companies
Globalisation
Trading blocs
- 4 things to know
- Paper 1 and Paper 3
Overview
The EU single market and its free movement, internal tariffs and the common external tariff, ASEAN and NAFTA, how blocs expand, and the effects on businesses inside and outside them, including trade diversion and trade creation.
What you need to know
Answer each one before you reveal it.
How can a trading bloc grow, and how does the EU treat imports from non-members?
What do businesses gain and lose from a trading bloc?
How does harmonisation of regulations within a trading bloc benefit businesses?
Questions from this subtopic
Each one with the model answer underneath.
- 1
What does the EU single market allow regarding the movement of goods between member states?
Model answer
Free movement of goods between member states without restrictions.
- 2
What does the EU single market permit regarding services across member countries?
Model answer
Free movement of services, allowing businesses to provide services across any member state.
- 3
How does the EU single market treat the movement of capital between member states?
Model answer
It allows free movement of capital, enabling investment to flow freely between member countries.
- 4
What freedom does the EU single market provide regarding labour?
Model answer
Free movement of labour, allowing workers to live and work in any member state.
- 5
What happens to tariffs on trade between EU member countries?
Model answer
Internal tariffs are eliminated between member countries.
- 6
How does the EU single market treat quotas on goods traded between member states?
Model answer
Internal quotas are eliminated between member countries.
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